Sec Form 13G Filing - Aleph L.P. filing for Lemonade Inc. (LMND) - 2022-02-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Schedule 13G

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

 

(Amendment No. 1)*

Lemonade, Inc.

(Name of Issuer)

 

Common Stock, par value $0.00001

(Title of Class of Securities)

 

52567D107

(CUSIP Number)

 

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)

 

¨Rule 13d-1(c)

 

xRule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

(Continued on following pages)

 

Page 1 of 13 Pages

Exhibit Index Contained on Page 12

 

 

 

 


CUSIP NO. 52567D107
13 G Page 2 of 13

 

1 NAME OF REPORTING PERSON        Aleph, L.P. (“Aleph”)
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)   ¨        (b)   x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
5 SOLE VOTING POWER
1,708,717 shares, except that Aleph Equity Partners, L.P. (the “DGP”), the general partner of Aleph, and Aleph EP, Ltd. (the “UGP”), the general partner of the DPG, may be deemed to have sole power to vote these shares, and Michael Eisenberg (“Eisenberg”) and Eden Shochat (“Shochat”), the directors of the UGP, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
1,708,717 shares, except that the DPG, the general partner of Aleph, and the UPG, the general partner of the DGP, may be deemed to have sole power to dispose of these shares, and Eisenberg and Shochat, the directors of the UGP, may be deemed to have shared power to dispose of these shares.
8 SHARED DISPOSITIVE POWER
See response to row 7.
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,708,717
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.8%
12 TYPE OF REPORTING PERSON PN


 

 

 

 


CUSIP NO. 52567D107< /font>
13 G Page 3 of 13

 


1
NAME OF REPORTING PERSON       Aleph-Aleph, L.P. (“Aleph-Aleph”)
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)   ¨        (b)   x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
5 SOLE VOTING POWER
170,026 shares, except that the DGP, the general partner of Aleph, and the UGP, the general partner of the DGP, may be deemed to have sole power to vote these shares, and Eisenberg and Shochat, the directors of the entity the UGP, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
170,026 shares, except that the DGP, the general partner of Aleph, and the UGP, the general partner of the DGP, may be deemed to have sole power to dispose of these shares, and Eisenberg and Shochat, the directors of the entity the UGP, may be deemed to have shared power to dispose of these shares.
8 SHARED DISPOSITIVE POWER
See response to row 7.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
170,026
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.3%
12 TYPE OF REPORTING PERSON
PN

 

 

 

 


CUSIP NO. 52567D107
13 G Page 4 of 13

 



1
NAME OF REPORTING PERSON          Aleph Equity Partners, L.P. (the “DGP”)
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)   ¨        (b)   x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
5

SOLE VOTING POWER
1,878,743 shares, of which 1,708,717 shares are beneficially owned by Aleph and 170,026 shares are beneficially owned by Aleph-Aleph. The DGP, the general partner of Aleph and Aleph-Aleph, may be deemed to have sole power to vote these shares, except that the UGP, the general partner of the DGP, may be deemed to have sole power to vote these shares, and Eisenberg and Shochat, the directors of the UGP, may be deemed to have shared power to vote these shares.

 

 

6 SHARED VOTING POWER
See response to row 5.
7

SOLE DISPOSITIVE POWER
1,878,743 shares, of which 1,708,717 shares are beneficially owned by Aleph and 170,026 shares are beneficially owned by Aleph-Aleph.  The DGP, the general partner of Aleph and Aleph-Aleph, may be deemed to have sole power to dispose of these shares, except that the UGP, the general partner of the DGP, may be deemed to have sole power to dispose of these shares, and Eisenberg and Shochat, the directors of the UGP, may be deemed to have shared power to dispose of these shares.

 

8 SHARED DISPOSITIVE POWER
See response to row 7.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,878,743
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.1%
12 TYPE OF REPORTING PERSON
PN

 

 

 

 


CUSIP NO. 52567D107
13 G Page 5 of 13

 


1
NAME OF REPORTING PERSON Aleph EP, Ltd. (the “UGP”)
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)   ¨        (b)   x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH
5

SOLE VOTING POWER
1,878,743 shares, of which 1,708,717 shares are beneficially owned by Aleph and 170,026 shares are beneficially owned by Aleph-Aleph. The UGP is the general partner of the DGP, the general partner of each of Aleph and Aleph-Aleph, and may be deemed to have sole power to vote these shares, except the DGP, the general partner of each of Aleph and Aleph-Aleph, may be deemed to have sole power to vote these shares, and Eisenberg and Shochat, the directors of the UGP, may be deemed to have shared power to vote these shares.

 

 

6 SHARED VOTING POWER
See response to row 5.
7

SOLE DISPOSITIVE POWER
1,878,743 shares, of which 1,708,717 shares are beneficially owned by Aleph and 170,026 shares are beneficially owned by Aleph-Aleph.  The UGP is the general partner of the DGP, the general partner of each of Aleph and Aleph-Aleph, and may be deemed to have sole power to dispose of these shares, except the DGP, the general partner of each of Aleph and Aleph-Aleph, may be deemed to have sole power to dispose of these shares, and Eisenberg and Shochat, the directors of the UGP, may be deemed to have shared power to dispose of these shares.

 

8 SHARED DISPOSITIVE POWER
See response to row 7.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,878,743
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.1%
12 TYPE OF REPORTING PERSON
OO

 

 

 

 


CUSIP NO. 52567D107
13 G Page 6 of 13

 

1 NAME OF REPORTING PERSON      Michael Eisenberg (“Eisenberg”)
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)   ¨        (b)   x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Citizen of Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

 

5 SOLE VOTING POWER
227,170 shares
6 SHARED VOTING POWER
1,878,743 shares, of which 1,708,717 shares are beneficially owned by Aleph and 170,026 shares are beneficially owned by Aleph-Aleph.  Eisenberg is a director of the UGP, the general partner of the DGP, which is the general partner of each of Aleph and Aleph-Aleph, and may be deemed to have shared power to vote these shares.
7 SOLE DISPOSITIVE POWER
227,170 shares
8 SHARED DISPOSITIVE POWER
1,878,743 shares, of which 1,708,717 shares are beneficially owned by Aleph and 170,026 shares are beneficially owned by Aleph-Aleph.  Eisenberg is a director of the UGP, the general partner of the DGP, which is the general partner of each of Aleph and Aleph-Aleph, and may be deemed to have shared power to dispose of these shares.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
2,105,913
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.4%
12 TYPE OF REPORTING PERSON IN

 

 

 

 


CUSIP NO. 52567D107
13 G Page 7 of 13

 


1
NAME OF REPORTING PERSON      Eden Shochat (“Shochat”)
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)   ¨        (b)   x

3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Citizen of Israel

NUMBER OF

SHARES
BENEFICIALLY
OWNED BY EACH REPORTING
PERSON
WITH

 

5 SOLE VOTING POWER
79,964 shares
6 SHARED VOTING POWER
1,878,743 shares, of which 1,708,717 shares are beneficially owned by Aleph and 170,026 shares are beneficially owned by Aleph-Aleph.  Shochat is a director of the UGP, the general partner of the DGP, which is the general partner of each of Aleph and Aleph-Aleph, and may be deemed to have shared power to vote these shares.
7 SOLE DISPOSITIVE POWER
79,964 shares
8 SHARED DISPOSITIVE POWER
1,878,743 shares, of which 1,708,717 shares are beneficially owned by Aleph and 170,026 shares are beneficially owned by Aleph-Aleph.  Shochat is a director of the UGP, the general partner of the DGP, which is the general partner of each of Aleph and Aleph-Aleph, and may be deemed to have shared power to dispose of these shares.

3.2%
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,958,707
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12 TYPE OF REPORTING PERSON
IN

 

 

 

 

 

 


CUSIP NO. 52567D107
13 G Page 8 of 13

 

ITEM 1(A).NAME OF ISSUER

 

Lemonade, Inc.

 

ITEM 1(B).ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES

 

5 Crosby Street, 3rd Floor

New York, NY 10013

 

ITEM 2(A).NAME OF PERSONS FILING

This Statement is filed by Aleph, L.P., a Cayman Islands exempted limited partnership (“Aleph”); Aleph-Aleph, L.P., a Cayman Islands exempted limited partnership (“Aleph-Aleph”); Aleph Equity Partners, L.P., a Cayman Island exempted limited partnership (the “DGP); Aleph EP Ltd., a Cayman Islands exempted company (the “UGP”); Michael Eisenberg (“Eisenberg”), a citizen of Israel; and Eden Shochat (“Shochat”), a citizen of Israel. The foregoing entities and individuals are collectively referred to as the “Reporting Persons.”

 

Aleph and Aleph-Aleph are venture capital funds. The DGP is the general partner of each of Aleph and Aleph-Aleph and may be deemed to have sole power to vote and sole power to dispose of shares of the issuer owned by the UGP for the benefit of Aleph and Aleph-Aleph. The UGP is the general partner of the DPG and may be deemed to have sole power to vote and sole power to dispose of shares of the issuer owned by the UGP for the benefit of Aleph and Aleph-Aleph.

 

Eisenberg and Shochat are the directors of the UGP and may be deemed to have shared power to vote and shared power to dispose of shares of the issuer directly owned by the UGP for the benefit of Aleph and Aleph-Aleph.

 

ITEM 2(B).ADDRESS OF PRINCIPAL BUSINESS OFFICE

 

The address for each reporting person is:

 

Aleph

32 Rothschild Blvd.

Tel Aviv, Israel 61291

 

 

ITEM 2(C).CITIZENSHIP

 

Aleph, Aleph-Aleph and the DGP are Cayman Islands exempted limited partnerships. The UGP is a Cayman Islands exempted company. Eisenberg and Shochat are citizens of Israel.

 

ITEM 2(D) and (E).TITLE OF CLASS OF SECURITIES AND CUSIP NUMBER

 

Common Stock, par value $0.00001

CUSIP # 52567D107

 

 

ITEM 3.Not Applicable.

 

ITEM 4.OWNERSHIP

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

The following information with respect to the ownership of the Common Stock of the issuer by the persons filing this Statement is provided as of December 31, 2021 (based upon 61,627,462 shares of Common Stock outstanding as of November 8, 2021 as reported by the issuer in its Form 10-Q for the quarterly period ended September 30, 2021).

 

 

 

 

 


CUSIP NO. 52567D107
13 G Page 9 of 13

 

(a)Amount beneficially owned:

See Row 9 of cover page for each Reporting Person.

 

(b)Percent of Class:

See Row 11 of cover page for each Reporting Person.

 

(c)Number of shares as to which such person has:

 

(i)Sole power to vote or to direct the vote:

See Row 5 of cover page for each Reporting Person.

 

(ii)Shared power to vote or to direct the vote:

 

See Row 6 of cover page for each Reporting Person.

 

(iii)Sole power to dispose or to direct the disposition of:

 

See Row 7 of cover page for each Reporting Person.

 

(iv)Shared power to dispose or to direct the disposition of:

See Row 8 of cover page for each Reporting Person.

 

ITEM 5.OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of 5 percent of the class of securities, chec k the following x.

 

 

ITEM 6.OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

 

Under certain circumstances set forth in the limited partnership agreements of each of Aleph, Aleph-Aleph and the DGP, and the memorandum and articles of associate of the UGP, the general and limited partners or directors, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from, the sale of shares of the issuer owned by each such entity of which they are a general partner, limited partner or director, as the case may be.

 

 

ITEM 7.IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

 

Not applicable.

 

ITEM 8.IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

 

Not applicable.

 

ITEM 9.NOTICE OF DISSOLUTION OF GROUP

 

Not applicable.

 

 

 

 


CUSIP NO. 52567D107
13 G Page 10 of 13

 

ITEM 10.CERTIFICATION

 

Not applicable.

 

 

 

 

 


CUSIP NO. 52567D107
13 G Page 11 of 13

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: February 14, 2022

 

  Aleph EP, Ltd.
   
  By: /s/ Michael Eisenberg
    Michael Eisenberg, Director
   
  Aleph Equity Partners, L.P.
   
  By: Aleph EP, Ltd.,
    Its General Partner
   
  By: /s/ Michael Eisenberg
    Michael Eisenberg, Director
   
  Aleph, L.P.
   
  By:  Aleph Equity Partners, L.P.,
    Its General Partner
   
  By: Aleph EP, Ltd.,
    Its General Partner
   
  By: /s/ Michael Eisenberg
    Michael Eisenberg, Director
   
  Aleph-Aleph, L.P.
   
  By:  Aleph Equity Partners, L.P.,
    Its General Partner
   
  By: Aleph EP, Ltd.,
    Its General Partner
   
  By: /s/ Michael Eisenberg
    Michael Eisenberg, Director
   
  /s/ Michael Eisenberg
  Michael Eisenberg
   
  /s/ Eden Shochat
  Eden Shochat

 

 

 

 

 


CUSIP NO. 52567D107
13 G Page 12 of 13

 

EXHIBIT INDEX

 

  Found on
Sequentially
Exhibit Numbered Page
   
Exhibit A:  Agreement of Joint Filing 13

 

 

 

 


CUSIP NO. 52567D107
13 G Page 13 of 13

 

exhibit A

 

Agreement of Joint Filing

 

The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Common Stock of Lemonade, Inc. shall be filed on behalf of each of the Reporting Persons. Note that a copy of the applicable Agreement of Joint Filing is already on file with the appropriate agencies.